Alair Homes
If you are tired of feeling cramped and uncomfortable in your London home or if you feel that your home is outdated, you may be debating between renovating your space and relocating to a new home. The preferable option for many local residents would be to renovate. After all, moving is an expensive, time-consuming and stressful process, and you may love your home and your neighborhood. Learning more about the general home renovation process, such as the cost and timing, can help you to decide how to proceed. Our experienced team of contractors at Alair Homes London is ready to guide you through this process.
Your Budget for Renovating
Many homeowners want to know how much renovating their space would cost, but a better option is to consider how much money you have available to work with. Homeowners may contribute some of their own funds, but many London residents also borrow money. Taking equity out of the home is common, and this can be done through a cash-out refinance loan, a HELOC or a home equity loan. When you talk to a lender about the funds available to you, you can then estimate the types of materials that can be used to improve your home to your satisfaction.
Estimates for Your Plans
You can ballpark estimates for your renovation plans through diligent research and by reviewing the cost of materials that appeal to you. However, you will need to gather firm estimates from established and trusted contractors in order to shore up your plans to renovate your London area home. Reputable contractors will provide you with detailed, accurate quotes in writing that outline the cost and the timing of your project. Remember that choosing more or less affordable materials will directly affect your quote. You may be inclined to choose the most affordable estimates that you can find in an effort to save money, but consider the need to choose experienced, reputable professionals to improve your home. Shoddy workmanship and low-quality materials can result in a truly undesirable finished project.
Realistic Expectations
When you receive a few quotes from contractors, you understandably may not have a frame of reference to determine if your quotes are fair or not. Getting information about national averages is a smart idea. Renovating a typical kitchen with an average size may cost between $26,000 and $58,000, but there are variations on both sides of this spectrum. It may take a month or longer to significantly overhaul a kitchen. A bathroom renovation may cost between $10,000 to $26,000 depending on how basic or luxurious your finishes are. Expect this project to take between one to three weeks to complete. If the quotes that you receive are too high for your budget, talk to your contractor about alternative materials. Your contractor may also have great ideas through his or her experience about how to save money and achieve desired results in your home.
Because there are so many variations for the timing and cost associated with renovating a London area home, it makes sense to get concrete information by speaking with a contractor. Alair Homes London is your leading source for home updates and renovations, and we are ready to speak with you about the plans you have for your home.
